Reported about 2 hours ago
A recent study by Germany's IW economic institute reveals that the United States is becoming increasingly reliant on imports from the European Union, which has overtaken China in both the value and variety of goods imported. Over the past 15 years, the number of product categories where at least 50% of imports come from the EU has risen significantly, reaching over 3,100 in the last year. This shift indicates a potential leverage for EU leaders during trade negotiations with the U.S., as the total import value has surged to $287 billion, highlighting a stark reduction in U.S. dependence on Chinese imports.
Source: YAHOO